TaxPrime Minister Shinzo Abe’s plan for a revamp of the tax system has been clear for a while, but opposing opinions stood against his efforts.  The Japanese government has now announced that it will finally go ahead with plans to introduce significant changes to taxation in the new fiscal year, with heavy cuts on corporate tax included in the agenda.

For CDH’s Japanese clients with US subsidiaries, lowering of the Japanese Corporate tax rate should initiate clients to review their global pricing strategy.

For further details, a link to the article is:

https://www.e-bright.com/nieuws/2014/06/13/japan-reveals-plan-to-lower-corporate-tax-in-2015